Restricted Business Activity

As part of our ongoing commitment to mitigate the risk of money laundering and terrorist financing,  we do not onboard the below-listed industries, client types and activities.

Non-permitted Industries – Global

• Weapons / military-grade security
• Multi-level marketing
• Pawnbrokers
• Political organizations
• Precious metals and stones
• Adult entertainment
• Drug paraphernalia
• CBD and related products
• Carbon credits
• Cryptoassets
• Gambling
• Ponzi / pyramid schemes
• Firms involved in the servicing of illegal goods/services, including but not limited to: counterfeit goods/trademark infringement, human trafficking, child labor, and prostitution.
• Mining and extraction
• Speculative trading

Non-permitted Industries – United States of America

• Chemicals
• FDA-classified medical devices
• Medications or prescription drugs
• Alcohol
• Tobacco
• Dietary supplements
• Seeds or plants
• Regulated financial services
• Outbound telemarketing

Non-permitted client types

• Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘layering.’
• Shell banks
• Unregistered charities

Non-permitted Activities

• Clients are not allowed to use our services to speculate changes in FX
• Transactions deriving from Crypto Currencies